Industrial Robotics Market Size, Share, Growth, Analysis, Trend, and Forecast Research Report by 2030

The global industrial robotics market size reached USD 42.35 Billion in 2021 and is expected to register a revenue CAGR of 12.3% during the forecast period, according to latest analysis by Emergen Research. Rapid adoption of automation, IIoT, and AI in industrial manufacturing in combination with vision and other sensing systems, which enable robots to execute difficult tasks easily is one of the major factors driving revenue growth of the market. In addition, rapid growth of logistics and supply chain where warehouses and distribution centers are increasing demand for industrial robots owing to high priority for timely delivery as well as efficient and cost-effective manufacturing processes. Rising demand for industrial robots by manufacturers for automation of tasks, improved worker safety, and increased overall production output with reduced wastage and cost-extensive operating costs is one of the key factors driving growth of the market. For instance, collaborative robots or Cobots when fitted with dispensing tools can be utilized for applying glue and other adhesives as well as can be fitted with a sanding kit can be utilized for polishing pieces for a bright and smooth finish. 

The study on the Global Industrial Robotics Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Industrial Robotics market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Industrial Robotics industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Industrial Robotics industry.

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Some Key Highlights From the Report
The SCARA robots segment accounted for moderate revenue share in 2021 due to growing need to reduce human efforts and errors in production process. SCARA robots are extensively used for pick-and-place or assembly processes requiring great speed and precision. In comparison, SCARA robot can operate quicker and fulfill optional cleanroom criteria. SCARA robot is suited for applications with a smaller field of action and limited floor space owing to compact design, making it easy to re-allocate in temporary or remote locations. Moreover, provision of mixed-model assembly and customized products, as well as better downstream demand coordination is another factor driving growth of this segment.

The material handling segment accounted for largest revenue share in 2021 owing to surge in demand for industrial robots from various industries such as food & beverages, electrical & electronics, automotive, and pharmaceutical, among others. Handling and transportation of dangerous chemical for humans is highly increasing demand for industrial robots. Both robotic material handling as well as machine tending systems provide reliable delivery of productivity gains in various applications, which is increasing demand for industrial robotics.

The electrical & electronics segment accounted for a significant revenue share in 2021. High demand for handling complicated consumer electronics, necessitate higher precision during assembly, which is one of the key factors driving revenue growth of this segment. Industrial robots are ideal for large and small electronics companies, which recognize that automation is the key to being globally competitive. It is essential for the electronics industry to have a robot with a soft and accurate arm to handle small and fragile parts. Industrial robots, such as SCARA robots, can achieve this low inertia and excellent precision while producing at high speeds.

Leading Companies of the Industrial Robotics Industry and Profiled in the Report are:

ABB, FANUC Corporation, YASKAWA Electric Corporation., DAIHEN Corporation, Mitsubishi Electric Corporation, KUKA, DENSO Corporation, NACHI-FUJIKOSHI CORP, Seiko Epson Corporation, and Panasonic Holdings Corporation.

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Furthermore, the report divides the Industrial Robotics market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.

Emergen Research has segmented the global industrial robotics market based on type, application, end-user industry, and region:

Type Outlook (Revenue, USD Billion; 2019-2030)
SCARA robots

Cartesian robots

Articulated robots

Cylindrical robots

Collaborative robots

Others

Application Outlook (Revenue, USD Billion; 2019-2030)
Material handling

Welding & soldering

Assembling & disassembling

Dispensing

Processing

Others

End-User Industry Outlook (Revenue, USD Billion; 2019-2030)
Electrical & electronics

Automotive

Plastics, rubber & chemicals

Food & beverages

Precision engineering & optics

Metals & machinery

Others

Regional Analysis:

The report sheds light on the region expected to dominate the Industrial Robotics market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Industrial Robotics market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.

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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter's Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.

Key Points of Industrial Robotics Market:

Extensive coverage of the analysis of the Industrial Robotics market

Key insights into the regional spread of the industry in key geographies

Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market

Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Industrial Robotics market

Complete data about the key manufacturers and vendors in the Industrial Robotics market

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Thank you for reading our report. Customization of this report is available in chapter-wise or region-wise sections. Kindly get in touch with us to know more about the report, and our team will provide excellent assistance.

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